Worth Watching Stock Tesla Motors, Inc. (TSLA)

15 Noviembre 2017

Tesla will reveal its new electric semi truck on Thursday, Musk has announced. Reilly Financial Advisors LLC raised its position in Tesla Motors by 92.9% in the third quarter. Wedbush Securities Inc.'s holdings in Tesla were worth $840,000 at the end of the most recent reporting period. Vanguard Group Inc. increased its position in shares of Tesla by 4.9% during the 2nd quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer's stock valued at $282,000 after purchasing an additional 20 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Tesla during the 2nd quarter valued at about $52,108,000. Flagship Harbor Advisors LLC boosted its position in Tesla by 0.4% during the second quarter. Trust Co. of Vermont now owns 535 shares of the electric vehicle producer's stock valued at $114,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 56.36% of the company's stock. Following the completion of the sale, the director now directly owns 154,644 shares in the company, valued at $30,557,654.40.

In other Tesla news, VP John Douglas Field sold 600 shares of the stock in a transaction dated Thursday, November 2nd.

Tesla has been working on an electric truck for some time, and photos reportedly of the vehicle appeared online earlier this year. The disclosure for this sale can be found here. The shares were sold at an average price of $301.60, for a total value of $180,960.00. They use historic price data to observe stock price patterns to predict the direction of that price going forward.

Shares of Tesla (TSLA) remained flat at $$302.99 during trading hours on Friday. The company's stock had a trading volume of 4,625,400 shares, compared to its average volume of 6,399,418.

The Relative Volume of the company is 0.82 and Average Volume (3 months) is 5.63 million. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating analysts' consensus estimates of ($3.09) by $0.17.

The Tesla Semi unveiling was pushed back because of bottlenecking issues with the Tesla Model 3 and because the company wanted to increase battery production for the residents of Puerto Rico after Hurricane Maria. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The difference between the expected and actual EPS was $-0.63/share, which represents an Earnings surprise of -27.5%.

A number of other equities research analysts also recently weighed in on TSLA. Tesla's revenue was up 29.9% on a year-over-year basis. equities analysts forecast that Tesla will post -11.38 earnings per share for the current year. Citigroup Inc. initiated coverage on Tesla in a report on Thursday, July 20th. Finally, Robert W. Baird restated an outperform rating and set a $368.00 price objective on shares of Tesla in a research report on Wednesday, July 5th. Sanford C. Bernstein restated a "market perform" rating and set a $265.00 target price on shares of Tesla in a report on Tuesday, October 3rd. Analysts reported that the Price Target for Tesla Motors, Inc. might touch $500 high while the Average Price Target and Low price Target is $304.61 and $155 respectively. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock.

According to the EPA, heavy-duty trucks are the second largest segment of the U.S. transportation sector and account for 20 percent of GHG emissions and oil use.

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